Word: ipos
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Dates: during 2000-2009
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...family feud, rather than market conditions, appears to be driving the IPO...
...This would not be my choice for [an IPO] window," concurs Jim Butler, chairman of the global-hospitality group at Jeffer, Mangels, Butler & Marmaro LLP. (See TIME's Travel page for city guides, stories and advice...
...sector should either be booming or be poised for a boom when filing an IPO, adds Lunt. "We've still got 12 to 18 months of negative financial growth and the market is probably not going to reward you any kind of premium...
Hyatt, which owns or operates 413 branded hotels encompassing 119,509 rooms in 45 countries, filed in August with the Securities and Exchange Commission to raise at least $1.15 billion dollars through an IPO, and will trade on the NYSE under the stock symbol H. The date and pricing of the offering have not yet been named. Hyatt's IPO will be the country's second largest this year, according to Dealogic...
Hyatt has long been rumored to be contemplating an IPO. The rumor mill started churning in 2002 when a bitter feud erupted between members of the Pritzker family (which owns Hyatt) over inheritance issues. The squabble began when two of the younger heirs, Liesel Pritzker and her brother Matthew, sued their father and 10 older cousins, claiming they had misappropriated about $1 billion from each of their trust funds. A nasty court battle ensued, in which an intricate web of offshore trusts was unveiled that grabbed the attention of the IRS. When the smoke cleared, the clan had agreed...